Related Latest Finance News

. Apple, LinkedIn, Spotify and Twitter have joined a growing chorus of technology companies to hit out at the far right and Donald Trump’s attempt to put white supremacists and leftwing counter-demonstrators at Saturday’s Charlottesville protest on the same moral plane. ...

. Donald Trump was forced to disband two White House business councils that were disintegrating around him on Wednesday in the wake of his controversial remarks about the weekend violence in Charlottesville. ...

.... “It may be good for people that are going into technology,” he said of the onset of automation, “but what about people like myself who are not very technical?”. For all Donald Trump’s talk about the raw deal that has been visited on American workers, he rarely mentions people like Duran. ...

....The world’s third largest economy recorded an expansion in second-quarter gross domestic product at an annualised rate of 4%, according to figures from the cabinet office on Monday, making the country the fastest-growing of the G7 wealthy nations. The data comes as a shot in the arm amid rising regional tensions sparked by the US president, Donald Trump, and North Korea’s Kim Jong-un, a war of words that rattled global stock markets last week and could threaten Japan, its economy and the rest of the world. ...

....Full marks for timing, Mr President. Last week marked the 10th anniversary of the start of the biggest financial crisis since the Great Depression, making it an appropriate moment for Donald Trump to threaten North Korea with obliteration. ...

.... Authoritarianism, Chinese-style, seems to deliver growth and prosperity, a proposition that impresses South Africa’s Jacob Zuma as much as Venezuela’s Nicolás Maduro, both careless of liberal constitutional constraints. Brexit and the election of Donald Trump are grist to the mill – British and US capitalism doesn’t even work for their electorates. ...

....Pat Parkin-MooreCroftLeicester. Donald Trump’s rallies, and especially the one in West Virginia (“Trump takes his show back on the road…”, News), remind one of the annual rallies in Nuremberg, held from 1923 to 1938. ...

. A US stock market gauge known as the “fear index” has spiked to its highest level since Donald Trump was elected president in a sign that his brinkmanship with North Korea is starting to unnerve investors. ...

.... The area north of the line from the Severn to the Wash (barring semi-independent Scotland) helped deliver the shock vote in Britain to leave the EU. In America, hitherto loyal Democrat-supporting blue-collar voters turned to that denouncer of free trade agreements, Donald Trump. ...

.... It escalated into a sustained period of harassment against progressive figures in the gaming industry – mostly women – including game developer Zoe Quinn, feminist critic Anita Sarkeesian and developer Brianna Wu. The “alt-right” developed political influence when Donald Trump appointed Breitbart’s Steve Bannon to run his campaign. ...

....Growing tension between the US and North Korea boosted the Swiss franc, the Japanese yen, gold and government bonds as investors sought out traditional safe havens at a time of geopolitical uncertainty. Nervous trading marked the 10th anniversary of the start of the financial crisis on Wednesday, after Donald Trump’s warning that North Korea faced “fire and fury like the world has never seen” if it continued to make threats against the US. ...

. Moves by Donald Trump to confront China on trade would elicit a “very aggressive” response, a former top US trade negotiator has predicted, as Beijing said an upcoming visit from the US president would help “map out” the next half century of ties between the world’s top two economies. ...

....Last week, the conspiracy theory that conservatives draped around Rich’s lifeless neck – that he was the source of the hacked DNC emails released by WikiLeaks at the height of the 2016 presidential race, and not Russia, as US intelligence insists – was revealed to have received a boost from the highest quarter. The former White House press secretary Sean Spicer, and allegedly even Donald Trump himself, were revealed to have been given advance notice of a sensational Fox News story that blamed Rich for the hack, and implied he had been murdered by Clinton acolytes as payback. ...

....Economists had forecast the US would add 180,000 jobs in July, in line with the average monthly gain for the last six months. The latest jobs news will come as a welcome relief for Donald Trump, who was elected on the promise of rebuilding the US jobs market. ...

....We’ll always have Paris, Humphrey Bogart says at the end of Casablanca as he tells Ingrid Bergman he is not getting on the plane to Lisbon with her. As the Dow Jones industrial average climbs higher and higher, Donald Trump seems to be taking a similar approach: never mind the comings and goings in a chaotic White House, we’ll always have the Dow. ...

....The move comes five months after the Dow passed the 21,000 level, having previously crossed 20,000 in January. This year it is up about 11%, and since the election of Donald Trump as US president in November, it has risen more than 20%. ...

.... Countries need to institute stronger redistribution through taxes and transfers. Traditional populist trade policies, like those that Donald Trump has espoused, have not worked well in the past, and are likely to perform even worse now. ...

.... Last year it ranked No 2, behind Comcast. Given the increased antitrust scrutiny that is coming from the Democrats’ new “Better Deal” policy platform, Donald Trump’s random tweets attacking Google’s fellow tech giant Amazon for its connection to the Washington Post, and his adviser Steve Bannon’s recent comments that Google and Facebook should be regulated as utilities, it is likely Google will only increase its lobbying expenditure in the next few months. ...

....Now Ma has once again set his sights on the US. In a high-profile meeting with Donald Trump before the inauguration, Ma promised to create 1m jobs in the US, and has wasted no time ingratiating himself into Trump’s inner circle. ...

....At the start of 2017, Bezos was ranked fourth-richest in the world, behind Gates, the investor Warren Buffett and Amancio Ortega, who founded Inditex, the company behind retailer Zara. The share price rally comes despite accusations by Donald Trump, during the US election campaign, that Amazon was “getting away with murder, tax-wise”. ...

....Although America’s rightwing plutocrats may disagree about how to rank the country’s major problems – for example, inequality, slow growth, low productivity, opioid addiction, poor schools, and deteriorating infrastructure – the solution is always the same: lower taxes and deregulation, to “incentivise” investors and “free up” the economy. Donald Trump is counting on this package to make America great again. ...

. Jared Kushner, the son-in-law of Donald Trump, who acts as his senior White House adviser, secured a multimillion-dollar Manhattan real estate deal with a Soviet-born oligarch whose company was cited in a major New York money laundering case now being investigated by members of Congress. ...

....“The recovery in global growth that we projected in April is on a firmer footing; there is now no question mark over the world economy’s gain in momentum,” Obstfeld said. He added that Donald Trump’s failure so far to push through his promised package of tax cuts had dampened US growth prospects. ...

.... Because of this, a surprisingly large number of politicians and commentators seem to believe that, rather than pursuing quick wins that tackle some of the practical issues faced in UK-US trade, a comprehensive FTA with the US should be an early goal for post-Brexit Britain. The prime minister herself seemed to embrace the idea of a comprehensive FTA on her first trip to Washington to meet President Donald Trump – and the topic clearly came up again at the recent G20 meeting, where Trump spoke of a “big” and “powerful” deal between the two countries, to be negotiated rapidly. ...

.... In a recent report analysing the data for January to May, Robin Brooks, chief economist of the International Institute of Finance, said the sector was on course to lose 110,000 jobs on an annualized basis. Coal mining, an industry championed by president Donald Trump, employs about 80,000 people. ...

.... A reliance on clients like hedge funds, which are clearly out of favour for charging high fees themselves, might also have hurt Goldman,” he said. Dhaval Joshi, chief European investment strategist at BCA Research, said the bond boom had come to an end as the fog around the course of interest rates, made worse by Brexit and the election of Donald Trump, intensified. ...

.... He said the dip may be down to CEOs being compensated in other ways or to them holding off on cashing in stock options in the hope that the Trump administration will enact promised tax changes that will benefit high earners. Donald Trump has stocked his cabinet with billionaires and consistently cited their wealth as one of their core qualifications. ...

. Executives inside Deutsche Bank, Donald Trump’s personal bankers, are expecting that the bank will soon be receiving subpoenas or other requests for information from Robert Mueller, the special counsel who is investigating possible collusion between the Kremlin and the Trump campaign. ...

....Tobacco companies, such as Reynolds, continue to donate to politicians. RAI donated $1m to Donald Trump’s inauguration fund, and officials with deep ties to the company have been nominated for high-profile government posts. ...

....5bn over the past 12 months, a record profit for a US bank. But Dimon, who last year turned down Donald Trump’s offer to become treasury secretary, seemed more concerned about low rates of growth in the US and the health of the American body politic. ...

.... The previous summer, Britain had voted to leave the largest trading bloc in the world. In November, the unexpected victory of Donald Trump, who vowed to withdraw from major trade deals, appeared to jeopardise the trading relationships of the world’s richest country. ...

. When Donald Trump, Vladimir Putin and other world leaders boarded their planes at the end of a two-day summit in Hamburg on Saturday, they left behind a bruised and beaten city whose historic identity had been shaken to the core. ...

....The International Monetary Fund has warned leaders in the run-up to the G20 summit in Hamburg that they are putting at risk a recovery in global growth by pursuing national policies at the expense of internationally agreed rules on trade and climate change. In a barely veiled attack on the US president, Donald Trump, and his Russian counterpart, Vladimir Putin, who are expected to meet for the first time in the German city, the Washington-based lender of last resort said the “myopic pursuit of zero-sum policies” would prove damaging to all countries, including those that adopted them. ...